China’s high-tech manufacturing profits rose 54.7% in January-August, helping lift profits at industrial firms above designated size to 5.27 trillion yuan, up 15.7% year on year.
Computing-power infrastructure buildout and stronger semiconductor demand from new-energy vehicles, the Internet of Things and data centers drove the gains, according to NBS data.
Electronics profits more than doubled, rising 110% and contributing 62% of overall industrial profit growth, while optical fiber profits surged 5.3 times.
Computer manufacturing profits climbed 3.9 times, computer peripheral equipment 2.6 times, and electronic special materials 2.3 times, underscoring broad strength across AI-linked supply chains.
The figures reinforce China’s shift toward technology-intensive, higher-value manufacturing as AI, computing power and advanced industrial upgrading become key growth drivers.